In the factoring business, we’re consistently asked the question, “Is it worth it? Is the cost of factoring something we can justify? Isn’t it better to sell off part of the business?”
Here is what we came up with to answer those questions for you in simple terms:
When accelerated and predictable collection of accounts receivable is the answer to cash flow challenges, the issues most often misunderstood are the cost of factoring, the perception of the account base and its impression of the financial strength of its vendor. How much does factoring cost? What will my customers think? Let’s discuss it! (more…)
Entrepreneurs spend years turning dreams and passions into realities. When the time comes for the hard work to truly become a growth business and funding is required, most people assume that because they are in rapid growth mode, selling equity is the only way to truly scale their business. Would you give up 25-30% of your blood, sweat and tears if you don’t have to? We don’t think so. Would you give up control if you didn’t have to? We don’t think so. (more…)
We had the opportunity to discuss factoring and financing solutions with CBS MoneyWatch this month. Many of our clients find themselves in a timing issue that causes delayed payments. In this article, we explain how businesses can avoid timing issues, how to manage accounts receivables and how lenders can improve the relationship with clients.
The business idea has been sketched and the kinks worked out. Now what? Initially, the company may be funded by its founders, but what happens when expansion is needed? Choosing a capital source is critical in the early stages of a project and entrepreneurs must research available options and consider the best solution for their business. (more…)
“Factoring and ABL are no longer the feared lenders of last resort but rather a time-proven, alternative asset class that produces superior returns in any economic environment. There is only one thing that affects our success and that is our belief in our business and the team running it. “ – Cole Harmonson
The hit show Shark Tank gives a look into what it’s like in front of investors and how entrepreneurship is growing rapidly. The current season 4 chose 96 contestants to pitch on air out of the 140 contestants selected and 36,079 applicants. (more…)
When we meet with referral partners, they are sometimes surprised to hear we also fund construction subcontractors. When it comes down to it, construction factoring solves an obstacle (check out our blog) – cash flow. The only difference is that the client’s situation can be a little riskier than other financing deals.
Cash flow is one of the most common obstacles we hear from business owners trying to grow their business. These business owners are doing many things right – they are securing clients and developing new products – but when it comes to having an effective cash flow cycle, they find a roadblock. (more…)
On Commercial Factoring Association’s new Business Capital Network website, we tackled the common misconceptions we’ve heard about factoring. (more…)
Contact a representative today to learn how our factoring and financing solutions can improve your financial reach.
Far West Capital has helped businesses just like yours grow and expand. Take a look at our Case Studies to see how we might help you.